SOLUTION: Susie takes out a student loan for $2500. After a year, Susie decides to pay off the interest which is 6.8% of $2500. How much will she pay ? If you could show me the steps to

Algebra ->  Customizable Word Problem Solvers  -> Misc -> SOLUTION: Susie takes out a student loan for $2500. After a year, Susie decides to pay off the interest which is 6.8% of $2500. How much will she pay ? If you could show me the steps to       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 1024171: Susie takes out a student loan for $2500. After a year, Susie decides to pay off the interest which is 6.8% of $2500. How much will she pay ?
If you could show me the steps to answering the problem, that would be very helpful.

Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
If she's only paying the interest then,
I=2500%286.8%2F100%29=17000%2F100=170
She'll pay $170.